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Charles Hoskinson | IOHK/Cardano Tax Evasion, Crypto, and the PBOC

Charles Hoskinson is the resident professor here in Wonderland. I’m linking to a talk he did that covered Cardano’s goals for Africa. In the Q&A he launches into an interesting moment describing how a state could use blockchain to basically control and monitor just about every detail of your financial life. In his view that’s exactly the aim of the People’s Bank of China (PBOC). I’ve fast linked this video just to highlight the quote but encourage you to listen to his presentation on what Cardano is up to in research and their focus on the developing world.

There’s a trade off here the things you can do to make crypto compliant with income tax over the long arc will also inadvertently build the capabilities that could institute a tyranny